TV 18 Broadcast today said the capital issues committee of its board has approved a price of Rs 20 per share for its rights issue. "TV 18 Broadcast has informed BSE that the Capital Issues Committee of the Board of Directors of the Company,at its meeting held on August 31,2012 approved Rs 20 as the issue price for its equity shares to be issued on a 'Rights Basis'," the company said in a BSE filing. The size of the issue is Rs 2,699.16 crore whereby a total of 134.95 crore equity shares would be issued through the rights issue route. "The equity shares are being offered on a rights basis to the existing equity shareholders in the ratio of 41 equity shares for every 11 equity shares held as on the record date," it said. The shares of the company today ended at Rs 21.50 apiece on the BSE,down 2.05 per cent from their previous close.
